= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2012:
Resolving Insolvency:
The Philippines adopted a new insolvency law that provides a legal framework for liquidation and reorganization of financially distressed companies.
DB2011:
Starting a Business:
The Philippines eased business startup by setting up a one-stop shop at the municipal level.
Dealing with Construction Permits:
The Philippines made construction permitting more cumbersome through updated electricity connection costs.
Trading Across Borders:
The Philippines reduced the time and cost to trade by improving its electronic customs systems, adding such functions as electronic payments and online submission of declarations.
DB2010:
Getting Credit:
The Philippines enhanced access to credit with a new credit information act that regulates the operations and services of a credit information system.
Paying Taxes:
The Philippines has eased tax burden on business by reducing corporate income tax rate from 35% to 30%.
Resolving Insolvency:
The Philippines promoted reorganization procedures by introducing pre-packaged reorganizations and also regulated the receiver profession.
DB2009:
Trading Across Borders:
Upgrading the risk management systems and EDI system led to a decrease in import time.
DB2008:
Starting a Business:
The Philippines made the process of starting a business more difficult by increasing the paid in minimum capital requirement.